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Business (permanent) - 888

 

Business Innovation and Investment (permanent) (subclass 888).

This visa lets holders of the Business Innovation and Investment (Provisional) visa (subclass 188), who were nominated by the ACT government, apply for permanent residence after they have met their nomination obligations to undertake investment activity in the ACT.

This visa has four streams:

1. Significant Investor stream. you must have held a complying investment of $5 million for 4 years
2. Investor stream: the ACT does not participate in this stream.
3. Business Innovation stream: minimum $200,000 business investment and ongoing ACT business activity
4. Entrepreneur stream. you must demonstrate a successful record of entrepreneurial activity in the ACT  while you held your subclass 188 visa

Applying for ACT 888 nomination

We will consider ACT  business investors seeking 888 nomination by invitation only. If you meet the criteria for ACT 888 nomination, email migrationservices@act.gov.au and include a summary of your successful ACT business activity.

ACT nomination fee: $1100

ACT 888 nomination guidelines